July 14, 2015
Fitbit CEO James Park
Forget everything you thought you knew about Fitbit. According to founder and CEO James Park, speaking to Forbes International Editor Brian O'Keefe at a recent Forbes event, Fitbit doesn't see itself as a hardware company or a wearable company, but rather as a consumer health and wellness company that happens to sell wearables -- for now.
"While press and analysts focus...
July 9, 2015
Jawbone's beef with competitor Fitbit is heating up, according to a report from Bloomberg. Jawbone is apparently trying to get the US International Trade Commission to block Fitbit's imports into the US based on the same complaints that form the basis of its two recent lawsuits against Fitbit.
"Complainants seek relief from the Commission in the form of a limited exclusion order excluding from...
June 18, 2015
This morning San Francisco-based Fitbit debuted its initial public offering on the New York Stock Exchange after increasing the price of its shares to $20 apiece: The IPO raised $732 million, making it the biggest consumer electronics IPO in history, according to Dealogica.
The stock began trading on the NYSE above $30 a share. According to CNBC, the average Fitbit insider,...
June 16, 2015
Just days before its expected IPO, San Francisco-based Fitbit disclosed in another amended SEC filing that it will increase the price of its shares to between $17 to $19, which would see the company itself raising up to $425 million in its IPO. Its current stockholders would stand to make $230 million if it is priced at the high end of its range -- for a total IPO worth upwards of $655 million....
June 10, 2015
BodyMedia's patents, now owned by Jawbone, are at the heart of the new suit.
For the second time in less than a month, Jawbone is suing Fitbit in advance of the latter company's planned June 17th initial public offering. This time the allegation is patent infringement.
Jawbone is now suing Fitbit over alleged infringement of three patents Jawbone obtained when it purchased BodyMedia in 2013....
June 4, 2015
Just three months after Apple pulled a number of wristworn fitness tracking devices from its stores, including Jawbone UP24 and Nike FuelBand SE, Jawbone Senior Product Manager Jason Donahue revealed that the company's devices would return to the Apple Store in the coming months during a presentation he gave in Japan, according to local reports in that country, and as explained in ...
June 2, 2015
San Francisco-based Fitbit disclosed in an amended SEC filing that it plans to price its shares between $14 to $16 and raise up to $358 million in its imminent IPO. Fitbit will debut as “FIT” on the New York Stock Exchange.
The company's directors, executive officers, and significant stockholders will hold around 51.9 percent of Fitbit's capital stock. Fitbit will sell 22.4...
May 21, 2015
A new report from analyst firm Argus Insights suggests that, while Fitbit is the clear leader in the fitness tracking device space, within the larger market, which includes smartwatches, its market share may be slipping away -- bad news for a company on the brink of IPO.
Fitbit's mindshare in the overall wearables market, as measured in consumer reviews.
Argus doesn't track unit sales or...
May 19, 2015
Jawbone's UP2 device
Some 20 percent of investors said they expect Jawbone to go public this year, according to a Rock Health survey of 43 investors. Jawbone has raised an estimated $725 million, the seed fund reported.
Rock Health released the survey just a few weeks after activity tracker company Fitbit filed the initial paperwork that puts it on the path for an IPO. In the company's filing...
May 11, 2015
As news broke last week of Fitbit's IPO plans, MobiHealthNews took some time to look back at moves made by the company over its eight year journey to going public. The company started up in 2007 with a less-than-catchy name: "Healthy Metrics Research, Inc." As we learned last week, in time since its founding the company has sold more than 20.8 million devices as of the end of March 2015, has 9.5...